Adamawa Lockdown: Residents Cry out, Beg Fintiri To Review

As the  14-days lockdown in Adamawa state ends this Tuesday, mixed reactions continued to trail with many prevailing on the need for the state governor Ahmadu Umaru Fintiri to relax the restrictions and code of conduct while others do support for an extension of the lockdown. In an opinion poll conducted, respondents averred that with the prevailing economic hardship and security consequences the state government should borrow a leave from other neighboring states that had relaxed...

Buhari Instructs 10 Ministers, Others to Create Policy to Guide Economy During COVID-19

The Federal Government has directed heads of ten ministries to come up with policies to guide the the functioning of the economy during the COVID-19 pandemic. President Buhari made this known during a national address on Sunday evening announcing a 14-day extension of the lockdown in Lagos, Ogun, and Abuja and added that the ministers should work with the Presidential Economic Advisory Council and Economic Sustainability Committee. “To ensure our economy adapts to this new...

No Fee Charged on COVID-19 Loan Application – CBN

The Central Bank of Nigeria (CBN) says the bank does not charge any fee on the COVID-19 loan application as claimed in false reports circulated on social media. The CBN’s Director, Corporate Communications Department, Mr. Isaac Okorafor said this in a statement in Abuja on Monday. Okorafor explained that procedures for accessing the N50 billion Targeted Credit Facility (TCF) stimulus package for households and Micro, Small and Medium Enterprises affected by the pandemic were clearly...

UPDATE 1-China in the Driver’s Seat Amid Calls for Africa Debt Relief

* G20 likely to endorse debt moratorium this week-sources * African nations pushing for broad debt relief * China now Africa’s largest bilateral creditor * Beijing finds itself in an unfamiliar role (Adds comment from Chinese foreign ministry) April 13 (Reuters) – Support is growing for debt relief to help the world’s poorest, indebted nations – most of them in Africa – confront the economic havoc wreaked by COVID-19. But there is one big question...

Nigeria Joins OPEC+ to Cut Supply By 10mb/d- Sylva

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria joined the OPEC+ to cut crude oil supply by 10 million Barrel Per Day. Sylva disclosed this at the ongoing 9th Organisation of Petroleum Exporting Countries (OPEC) and Non OPEC ministerial webinar meeting. “Nigeria joined OPEC+ to cut supply by up to 10mbpd between May and June 2020, Eight Million Barrels per day between July and December 2020 and Six Million barrels per...

AfDB Unveils $10bn Response Facility to Curb COVID-19 in Africa

The African Development Bank (AfDB) Group has announced 10 billion dollars COVID-19 Response Facility to assist regional member countries to fight the pandemic. The bank’s Communication and External Relations Department made this known in a statement on Wednesday. The bank noted that the facility was the latest measure taken by it to respond to the pandemic and would be the institution’s primary channel for its efforts to address the crisis. The AfDB said the fund would...

Why Nasarawa LGs Didn’t Pay March Salaries in Full – Gov. Sule

Gov. Abdullahi Sule of Nasarawa State has explained why some local government councils in the state were not able to pay the March salaries in full. The governor, who offered the explanation while hosting officials of the Nasarawa State Students Association (NASSA) on Tuesday in Lafia, said it was due to the economic challenges posed by the outbreak of COVID-19 pandemic. Sule said even though the state government was able to pay its workers and...

Anti-smuggling: CBN partners DSS Seizes 1,207 Bags of Foreign Rice, Others in Adamawa

The  Central Bank of Nigeria (CBN), has in conjunction with the Department of Security Services initiated a robust anti-smuggling drive aimed at ensuring  the success of Federal government’s drive in moving  Nigeria’s economy from oil to agriculture. At a  press conference in Yola, the Adamawa State, CBN branch controller, Mr. Jatau Sadu said that so far a number of contraband were seized by the DSS following raids on many properties where the contrabands were hidden. ” The DSS raided...

Adamawa Gov.Fintiri shares N20 Millions to KEKE NAPEP Operators to Cushion Lockdown Hardship

Adamawa state government on Monday released the sum of N20 million to commercial motorcycle operators popularly known as Keke NAPEP operators to cushion the hardship caused by the 14 days lockdown in the state. The state government commended the patriotism and the ultimate sacrifice and understanding of the citizens of the State towards combating the ravaging Coronavirus pandemic. Mr. Humwashi Wonosikou, Press Secretary to the State Governor  Ahmadu Umaru Fintiri on behalf of the Adamawa...

Lockdown: We Are Sort to Begging Neighbors to Survive – Adamawa Residents Groan

As the lockdown slammed to contain the spread of the novel coronavirus pandemic entered the six-day, residents in Adamawa have now resorted to begging to eke a  living, alleging that they are yet to receive any palliative either from the Federal, state or local governments. This is coming as the state emergency agency (ADSEMA) distributed relief materials in its stores to local government councils as a palliative to downtrodden. Residents spoken to, decry that despite...

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